Materion Co. (NYSE:MTRN) Stock Holdings Cut by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its position in Materion Co. (NYSE:MTRN) by 3.5% during the third quarter, Holdings Channel reports. The institutional investor owned 43,974 shares of the basic materials company’s stock after selling 1,600 shares during the quarter. Public Sector Pension Investment Board’s holdings in Materion were worth $4,919,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System lifted its holdings in Materion by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 107 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Materion by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock worth $1,125,000 after buying an additional 200 shares in the last quarter. Dakota Wealth Management grew its position in Materion by 1.8% in the second quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after buying an additional 200 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of Materion by 6.4% in the third quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company’s stock valued at $428,000 after buying an additional 231 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Materion during the 2nd quarter valued at $25,000. Institutional investors own 93.56% of the company’s stock.

Materion Stock Performance

Materion stock opened at $115.62 on Monday. Materion Co. has a fifty-two week low of $96.18 and a fifty-two week high of $145.08. The firm’s 50 day simple moving average is $109.61 and its 200-day simple moving average is $110.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The company has a market cap of $2.40 billion, a P/E ratio of 32.57 and a beta of 1.19.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. As a group, equities research analysts predict that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.47%. Materion’s payout ratio is presently 15.21%.

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the sale, the vice president now owns 12,031 shares in the company, valued at $1,414,484.67. This represents a 14.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Materion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.